KolayBi, an Istanbul, Turkey-based cloud-based new generation accounting and finance software, announced that it raised $1.15 million in funding.
The investment was from TechOne VC and Turkey's leading venture capital funds.
The company aims to develop new products to serve 100,000 active customers in 2023, in line with its growth strategy.
With this investment, KolayBi aims to become one-stop banking, accounting, and financial management platform for SMEs.
"Fintech infrastructure companies are essential to today's banking and finance sector experiencing a digital transformation. In this regard, we are trying to make a difference in our products by researching the real needs of businesses and staying innovative and up-to-date. In the third quarter of this year, we are focusing on growing abroad, mainly in the European and Middle Eastern markets. In line with this goal, we are going to offer KolayBi' SaaS to foreign SMEs," Gokhan Boyana, KolayBi's CEO, said.
Company: ENKO Teknoloji A.Ş
Funding Month: September 2022
Lead Investors: TechOne VC
Company Website: https://www.kolaybi.com/
Software Category: Accounting and Finance Software
About the Company: Founded in 2017 by Gokhan Boyana and Cem Taylan Ekinci, KolayBi', a cloud-based new generation accounting and finance software. KolayBi offers time-saving and cost-effective solutions to facilitate small and medium-sized enterprises' finance and accounting processes (SMEs). KolayBi, which now has 40,000 customers, provides financial services and accounting solutions to many businesses, particularly SMEs. Working with 21 leading banks in Turkey, it strives to provide the most effective digital solutions in line with business e-transformation needs through collaborations, technological infrastructure, and a solid and energetic team.